On Wednesday, Honda Atlas Cars Limited became the third automaker to reduce prices following the rupee’s recent recovery after jacking up rates last month.
In a letter issued to dealers, the company’s general manager said the new retail prices — reduced by between Rs280,000 to Rs550,000 — would be effective from August 17 (yesterday).
The new prices of City MT 1.2L, CVT 1.2L and CVT 1.5L are Rs3.769 million, Rs3.899m and Rs4.139m, respectively. The City Aspire MT 1.5L and CVT 1.5L are priced at Rs4.299m and Rs4.479m.
Meanwhile, the BRV’s new price is Rs4.939m while Civic models 1.5L M CVT, 1.5L Oriel M CVT and RS 1.5L LL CVT cost Rs6.349m, Rs6.599m and Rs7.549m, respectively.
The new prices are applicable on the current back orders and new orders placed from Aug 17, according to the letter. It added that the prices were subject to change and rates prevailing at the time of delivery would be applicable.